Iran denies unfrozen funds will be used to buy US foodstuffs
Posted on: Jun 26, 2026 10:08 IST | Posted by: Rt
islamic republic of iran’s chief treater, Mohammad Bagher Ghalibaf, has denied that the rural area’s unfrozen assets would be used to purchase agricultural products from the US. His remarks append to conflicting interpretations of the interim US-Iran peace deal signed on June 17.
“America falsely claims our unfrozen assets will buy their agriculture. Interesting. The only crop we’re harvesting is what you planted: decades of mistrust. It’s organic, abundant, and homegrown,” Ghalibaf wrote on X on Thursday.
“But apparently the US only exports GMO soybeans, broken promises and trash talks,” he added.
Under the memorandum of understanding (MoU), cited by the media, the US agreed that an unspecified amount of assets frozen under sanctions would be “made fully available for use” by Iran upon implementation of the deal.
US President Donald Trump claimed that some of the money would be spent on buying American wheat, soybeans and corn. He made the statement after some of his allies criticized the memorandum as heavily favoring Iran. Ted Cruz, a Republican senator from Texas, argued that sending any money to Iran would be “an exceptionally bad idea.”
Earlier this week, Iran said Israel’s continuing military operations against Hezbollah in Lebanon violated the MoU, which states that the sides declare the “immediate and permanent termination” of fighting in the Arab country.
US Secretary of State Marco Rubio blamed “Iranian proxies” in the region for sabotaging the deal, while Iran condemned “American militarism and interventionism” and accused the US of backing Israel.
The sides have also clashed over the status of the Strait of Hormuz, with the US insisting that Iran has no right to charge tolls on ships transiting the waterway, which handles around a quarter of the world’s seaborne oil and LNG trade. Iran, in turn, said it has the right to collect service fees.
Global News Perspectives
In today's interconnected world, staying informed about global events is more important than ever. ZisNews provides news coverage from multiple countries, allowing you to compare how different regions report on the same stories. This unique approach helps you gain a broader and more balanced understanding of international affairs. Whether it's politics, business, technology, or cultural trends, ZisNews ensures that you get a well-rounded perspective rather than a one-sided view. Expand your knowledge and see how global narratives unfold from different angles.
Customizable News Feed
At ZisNews, we understand that not every news story interests everyone. That's why we offer a customizable news feed, allowing you to control what you see. By adding keywords, you can filter out unwanted news, blocking articles that contain specific words in their titles or descriptions. This feature enables you to create a personalized experience where you only receive content that aligns with your interests. Register today to take full advantage of this functionality and enjoy a distraction-free news feed.
Like or Comment on News
Stay engaged with the news by interacting with stories that matter to you. Like or dislike articles based on your opinion, and share your thoughts in the comments section. Join discussions, see what others are saying, and be a part of an informed community that values meaningful conversations.
Download the Android App
For a seamless news experience, download the ZisNews Android app. Get instant notifications based on your selected categories and stay updated on breaking news. The app also allows you to block unwanted news, ensuring that you only receive content that aligns with your preferences. Stay connected anytime, anywhere.
Diverse News Categories
With ZisNews, you can explore a wide range of topics, ensuring that you never miss important developments. From Technology and Science to Sports, Politics, and Entertainment, we bring you the latest updates from the world's most trusted sources. Whether you are interested in groundbreaking scientific discoveries, tech innovations, or major sports events, our platform keeps you updated in real-time. Our carefully curated news selection helps you stay ahead, providing accurate and relevant stories tailored to diverse interests.
No comments yet.